AVP, Legal Counsel, Protection at Pacific Life

Seoul, South Korea, South Korea

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Qualified solicitor of 5-7 years’ PQE
General contract and commercial law experience, preferably at a top-tier Korean or international law firm
High standard of written and fluent spoken English
Native written and spoken Korean

Responsibilities

Work closely with the Korea Branch team, Japan team, and other stakeholders to manage review, negotiation, development, and deployment of reinsurance documentation (40%)
Serve as Compliance Officer for the Korea Branch, responsible for overall compliance function and designations including Chief Risk Officer (CRO), Privacy Officer, AML Officer (45-50%)
Identify and take ownership of legal and regulatory issues for the Korea Branch
Attend Korea Branch entity meetings and present on legal and compliance matters
Ensure compliance with internal and external policies and regulations for the Korea Branch
Draft and update Korea Branch Operating Guidelines
Proactively research and advise on relevant Korean regulatory matters
Prepare ad hoc reports for regulators and ensure timely filings
Act as first contact for liaison with Korean regulators and authorities
Manage risk management matters in consultation with AVP, Risk, Asia, including corporate governance, internal controls, fraud prevention/detection
Lead embedding of risk management framework, including regular stress tests
Own Korea Branch-specific policies (e.g., Internal Controls Policy, Risk Management Standard)
Ensure risk management framework meets local regulatory requirements as CRO
Advise on risk-related matters, interventions, and risk culture
Draft, review, and advise on commercial agreements and handle ad hoc legal/compliance queries (e.g., data protection, HR, IT, finance) (10-15%)
Perform annual/quarterly legal compliance activities, including internal/external training
Provide ad hoc advice on disputed claims
Liaise with wider Pacific Life Re and Pacific Life legal teams for standards and collaboration

Skills

Key technologies and capabilities for this role

Contract NegotiationReinsurance DocumentationCompliance OfficerKorean Regulatory LawAML CompliancePrivacy OfficerChief Risk OfficerRegulatory ReportingRisk Management

Questions & Answers

Common questions about this position

What is the salary or compensation for this AVP Legal Counsel role?

This information is not specified in the job description.

Is this role remote or based in an office, and where?

This is a sole legal role based in Korea, operating as part of the wider Protection Legal team.

What are the main responsibilities or skills needed for this position?

Key duties include managing reinsurance documentation review and negotiation (40%), serving as Compliance Officer, CRO, Privacy Officer, and AML Officer for the Korea Branch with responsibilities in compliance, risk management, and regulatory liaison (45-50%).

What is the team structure for this legal role?

This is the sole legal role based in Korea within the Protection Legal team, which has 5 members located in Singapore, Australia, and Toronto, providing global support to the Protection LOB.

What makes a strong candidate for this AVP Legal Counsel position?

Strong candidates should have expertise in legal and compliance matters, particularly contractual review, reinsurance negotiation, Korean regulatory compliance, and risk management frameworks, with the ability to serve as Compliance Officer and liaise with regulators.